Kiryat Hatorah Kiryat Gat Inc

Analysis

Kiryat Hatorah Kiryat Gat Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kiryat Hatorah Kiryat Gat Inc reported income of $359k and spending of $362k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $359k (+923%), an average of +923% a year. The sharpest change came in the year to December 2023, when income rose by 923%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kiryat Hatorah Kiryat Gat Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Muskogee Regional Medical Foundation ($359k), HCC Support Inc ($359k) and Down Syndrome Indiana Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,465 against liabilities of $9,795, net assets of -$3,330.